Global Update: London Rising

News from luxury-home markets around the world

A new report from international real estate consultancy Cluttons finds that home prices in central London are set to rise 18% over the next five years. [PropertyWire]

The recently released Ackerman U.S. Real Estate Industry Outlook Survey has found that industry insiders are eyeing Cuba for investment opportunities in the wake of the United States’ evolving relationship with the island nation. [Miami Herald]

Mandarin billboards are appearing around Sydney as brokers attempt to market better to Chinese buyers based in Australia. [The Daily Telegraph]

Is splendor fit for the sharing economy? Luxury Retreats, an Airbnb for mansions, has raised $11 million in its second round of funding, for a total of $16 million. [Inman]

As Vancouver wrestles with the rising cost of real estate, the brokers of British Columbia have made their position known, vigorously opposing any form of transactional tax aimed at speculation or foreign buyers. [BC Business]

Hollywood honcho Jerry Bruckheimer and his wife Linda Sue (Cobb) Balahoutis Bruckheimer have listed their International Style Brentwood Parks home for $14.5 million. The Bruckheimers bought the property in 1985 for $1.865 million, according to Variety. [Variety]